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rent montreal

montreal rent

Here's how much you need to earn to afford a 4 1/2 in popular Montreal neighbourhoods

As the cost of living continues to rise, rent prices in Montreal are no exception. According to a new report, the average unfurnished 4 ½ (two-bedroom) property in the city currently costs $2,222 per month.

However, some Montreal neighbourhoods offer more affordable housing options than others. Thanks to real estate rental platform liv.rent's latest report, you can find out which areas suit you best based on how much you're willing to spend on rent.

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quebec cities

These 8 Quebec cities have the cheapest rent prices in all of Canada

A recent report revealed Canada's 10 best places to be renter — and Quebec absolutely dominated the list. However, with this ranking, the best places to rent weren't necessarily the cheapest places to rent.

The study from online real estate marketplace Point2Homes examined 24 metrics spanning three categories: "housing & economy," "quality of life" and "community," which means factors such as safety, air quality, walkability, commute time and access to nature were taken into account in order to determine the results.

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montreal rent

Here's how much Montreal renters need to earn to afford a 3 1/2 in different neighbourhoods

Apartment prices have been climbing steadily in Quebec since the start of the year, and Montreal rent has been no exception. In July, the average monthly cost of rent for an unfurnished 3 ½ in the city reached $1,633 per month, according to a recent report from real estate rental platform liv.rent.

However, some Montreal neighbourhoods offer more affordable housing options than others. Thanks to liv.rent's report, you can find out which areas suit you best, allowing you to live comfortably based on the price of rent and your income.

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Montreal Rent Is So Bad Nearly 1 In 5 Are Going Broke To Pay It, A Study Says

The housing crisis in Montreal has reached new heights, according to a study co-authored by Centraide of Greater Montreal and Montreal's branch of the consulting firm McKinsey. Almost 360,000 households — nearly one in five — across Greater Montreal don't make enough money to cover both rent and other basic essentials.

"After their rent is paid, these households start the month already in the red," Centraide wrote in a recent press release. "The total annual deficit for these households is estimated to be $3.6 billion per year."

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Quebec Has A New Rent Registry To Hold Landlords Accountable & Help You Avoid Price Hikes

In the face of an escalating housing crisis in Quebec, a new interactive tool aims to bring much-needed transparency to rental prices, with hopes of protecting tenants from the province's skyrocketing rates.

The Rent Registry, created by local non-profit Vivre en Ville, offers historical data on rental rates to protect tenants from excessive increases and curb real estate inflation.

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What $1,000 In Rent Can Get You In 9 Montreal Neighbourhoods

According to a recent liv.rent report, Montreal's average rent is now well over the $1,000 mark, but plenty of renters pay just around one grand each month to keep themselves sheltered. Not every $1,000 apartment is made equal, though — different neighbourhoods have vastly different rental markets, with floor space, number of rooms and other amenities varying widely across the island, even at a similar price point.

Here's a snapshot of apartments currently on the market in Montreal, in neighbourhoods from LaSalle to Villeray. Each listing advertises approximately $1,000 in monthly rent. Leeway was given in either direction, especially for cheaper apartments that are visibly much nicer than their $1,000 competitors.

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Finding An Apartment To Rent Could Soon Suck Even More For Canadians – Here's Why

The rising cost of rent may soon be less of a worry than securing your next stay when it comes to housing woes in Canada. Although the country's supply of purpose-built rental units is growing at its fastest pace in seven years, pressure on the rental market remains through the roof, especially with immigration targets set at record levels.

A recent RBC report warns that Canada's rental housing gap — the difference between the projected rate of rental availability and the number of homes required to achieve balance — could quadruple the current deficit, falling 120,000 short by 2026.

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montreal rent

Montreal's February Rent Report Is Out & Here's Where You Might Be Able To Afford To Live

Buying a home is feeling increasingly unachievable for many Canadians, who turn instead to a life of renting someone else's property in order to avoid sleeping on the street. The hunt for a good apartment to rent in Montreal is somewhat easier than searching for a house to own, but folks here and everywhere are disillusioned.

As of 2022, 33 per cent of non-homeowners "believe they will never be able to buy a family home," 15 per cent more than in 2021, according to a survey by Mortgage Professionals Canada (MPC).

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rent montreal

Montreal Rent Is Going Up & Here's What You'll Pay In The Cheapest Neighbourhoods

In a world where the cheapest homes are often few and far between and Montreal's housing crisis has led tenants to unionize, finding cheap rent in Montreal is becoming increasingly challenging, even in the city's cheapest areas.

The neighbourhood with the lowest average rent is Ahuntsic-Cartierville, where an unfurnished one-bedroom goes for $1,297, according to the most recent report by aggregator Liv.rent.

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rent montreal

Montreal's Average Rent Finally Dropped After A Continuous Surge Since March, Report Says

After months and months of continued increases, totalling more than $200 in price hikes since January, the average Montreal rent for an unfurnished one-bedroom apartment fell by $22 in July. This places the new average at $1,517 per month. That average only crossed over the $1,500 threshold in June, according to recent reports from liv.rent.

The months-long price increases in Montreal were largely echoed in the Vancouver and Toronto housing markets, according to the full report. This isn’t necessarily comforting — all three cities are in active housing crises. But unlike Montreal, both cities saw average rents increase in July, liv.rent says.

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Montreal Is Getting A New 'Responsible Landlord' Certification & Public Rent Registry

The City of Montreal is on a mission to combat slumlords. On February 15, Montreal Mayor Valérie Plante held a press conference to announce the details of her administration's new "responsible landlord" certification project.

Alongside Benoit Dorais, Mayor of Le Sud-Ouest, Plante explained that concrete solutions needed to be created in order to help stop the rise in "renovictions" and rent prices in Montreal.

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